Archive for the 'Unemployment' Category
Sunday, April 22nd, 2012
Rhode Island unemployment has once again climbed, according to recent stats from the Bureau of Labor and Statistics.
In March 2012, nonfarm payroll employment increased in 29 states and the District of Columbia, decreased in 20 states, and was unchanged in Alabama. The largest over-the-month increase in employment occurred in New York (+19,100), followed by California (+18,200) and Arizona (+13,500). The largest over-the-month decrease in employment occurred in Ohio (-9,500), followed by New Jersey (-8,600) and Wisconsin (-4,500). Arizona experienced the largest over-the-month percentage increase in employment (+0.6 percent), followed by the District of Columbia and Nebraska (+0.5 percent each). Maine experienced the largest over-the-month percentage decline in employment (-0.5 percent), followed by Wyoming (-0.3 percent). Over the year, nonfarm employment increased in 45 states and the District of Columbia, decreased in 4 states, and was unchanged in Alabama. The largest over-the-year percentage increase occurred in North Dakota (+6.5 percent). The largest over-the-year percentage decrease in employment occurred in Wisconsin (-0.9 percent).
Nevada continued to record the highest unemployment rate among the states, 12.0 percent in March. Rhode Island and California posted the next highest rates, 11.1 and 11.0 percent, respectively.
North Dakota again registered the lowest jobless rate, 3.0 percent, followed by Nebraska, 4.0 percent. In total, 23 states reported jobless rates significantly lower than the U.S. figure of 8.2 percent, 7 states and the District of Columbia had measurably higher rates, and 20 states had rates that were not appreciably different from that of the nation.
Thirty states recorded unemployment rate decreases, 8 states posted rate increases, and 12 states and the District of Columbia had no change.
Saturday, January 21st, 2012
Rhode Island’s unemployment rate has once again ticked up.
The RI Department of Labor and Training said that the state’s seasonally adjusted unemployment rate for December 2011 was 10.8 percent, up three-tenths of a percentage point from the previous month.
This marks the second consecutive monthly increase in the unemployment rate.
The U.S. unemployment rate was 8.5 percent in December, down two-tenths of a percentage point from the previous month and down nine-tenths of a percentage point from December 2010.
Despite the bad news, the rate is better than last year.
The December 2011 rate was down seven-tenths of a percentage point from the previous December, representing the 15th consecutive month of year-over-year decreases in the state’s unemployment rate.
The number of employed RI residents was unchanged over the November figures, remaining at 503,400 in December. Over the year, the number of employed RI residents was down 7,700 from December 2010.
The RI labor force totaled 564,200 in December 2011, up 1,500 from November but down 13,100 from December 2010 estimates. The labor force increase was due entirely to the increase in the number of unemployed residents. This is the third consecutive month that the RI labor force has increased, following nine consecutive months of decreases.
Over the year, total non-farm employment was up 500 from December 2010. Job gains were reported in six economic sectors over the year, including Professional & Business Services (+1,400), Construction (+900), Educational Services (+700), Wholesale Trade (+400), Transportation & Utilities (+200) and Accommodation & Food Services (+100).
Sunday, December 18th, 2011
Rhode Island unemployment has actually increased, according to a release from the Rhode Island Department of Labor and Training.
According to the Dept., the state’s seasonally adjusted unemployment rate for November 2011 was 10.5 percent, up one-tenth of a percentage point from the previous month. This represents the first monthly increase in the unemployment rate since December 2009. However, the November 2011 rate was down a full percentage point from the previous November, representing the 14th consecutive month of year-over-year decreases in the state’s unemployment rate.
The U.S. unemployment rate was 8.6 percent in November, down four-tenths of a percentage point from the previous month and down one and two-tenths percentage points from November 2010.
The number of unemployed RI residents—those residents classified as available for and actively seeking employment—increased by 500 over the October figures, rising to 59,200 in November, the first over-the-month increase since March 2010. Over the year, the number of unemployed RI residents dropped by 7,000.
Due to numerous eligibility requirements, the number of unemployed RI residents differs from the number of RI Unemployment Insurance recipients. The average weekly claim load for RI Unemployment Insurance benefits in November was 30,215, up 1,976 (+7.0%) from the October average of 28,239 but down 3,239 (-9.7%) from the November 2010 average of 33,454.
The number of employed RI residents increased 400 over the October figures, totaling 503,300 in November, the second consecutive over-the-month increase in the number of employed. Over the year, the number of employed RI residents was down 7,500 from November 2010.
The RI labor force totaled 562,500 in November 2011, up 900 from October but down 14,600 from November 2010 estimates. The labor force increase (+900) was due to the increase in the number of employed (+400) combined with the increase in the number of unemployed (+500). This is the second consecutive month that the RI labor force has increased, following nine consecutive months of decreases.
Sunday, November 20th, 2011
According to the Rhode Island Dept. of Labor, Rhode Island unemployment has decreased from 10.4 percent, down one-tenth of a percentage point from the previous month and down one and one-tenth percentage points from October 2010.
The number of unemployed RI residents—those residents classified as available for and actively seeking employment—decreased by 200 over the September figures, falling to 58,600 in October, the 19th consecutive over-the-month decline. Over the year, the number of unemployed RI residents dropped by 7,700.
Elsewhere in the nation, other companies are hiring for Boston jobs. It appears employment is increasing in several states.
Due to numerous eligibility requirements, the number of unemployed RI residents differs from the number of RI Unemployment Insurance recipients. The average weekly claim load for RI Unemployment Insurance benefits in October was 28,239, down 1,301 (-4.4%) from the September average of 29,540 and down 4,809 (-14.6%) from the October 2010 average of 33,048.
The number of employed RI residents increased 1,300 over the September figures, totaling 502,900 in October. This is the first over-the-month increase in employed RI residents since April 2011, and the largest over-the-month increase since March 2010 (+1,500). Over the year, the number of employed RI residents was down 7,700 from October 2010.
The RI labor force totaled 561,500 in October 2011, up 1,100 from September but down 15,400 from October 2010 estimates. The over-the-month increase in the number of employed residents outweighed the decrease in the number of unemployed residents, causing the labor force to post its first over-the-month increase since December 2010.
The Manufacturing sector lost 800 jobs over the month, with the majority of the job losses stemming from the durable goods component of manufacturing, mainly fabricated metal product and wood product manufacturing. Three sectors – Retail Trade, Accommodation & Food Services and Other Services – each shed 500 jobs since September. Employment declines in Retail Trade were reported in the clothing & clothing accessories stores subsector and the sporting goods, book stores, music stores & hobby stores subsector. Accommodation & Food Services experienced payroll declines in hotel & motel establishments, as well as in full service restaurants. Losses in Other Services can be attributed to reductions in civic & social organizations and business, professional, labor & political organizations.
Monday, May 30th, 2011
The Rhode Island unemployment rate continues to plague New England, according to recent BLS stats.
In March, four New England states posted jobless rates that were significantly different from that of the United States. New Hampshire (5.2 percent), Vermont (5.4 percent), and Maine (7.6 percent) recorded lower-than-average unemployment rates and were among 22 states in the country to do so. New Hampshire and Vermont reported the fourth and fifth-lowest jobless rates nationwide. In contrast, Rhode Island (11.0 percent) had the highest jobless rate among the New England states and the fourth-highest jobless rate in the nation. Rhode Island was among 10 states nationwide that had unemployment rates significantly higher than the national average. The District of Columbia and the 18 remaining states had unemployment rates not appreciably different from that for the nation. (more…)
Tuesday, July 28th, 2009
The State of Rhode Island is among those that are not seeing any relief from the current economic recession, with the state continuing to lose more jobs and Rhode Island unemployment continuing to increase.
During June, Rhode Island saw its unemployment rate increase from 12.1 percent to 12.4 percent, which is higher than the national unemployment rate at the time of 9.5 percent. The state has not seen its unemployment rate decrease since January 2007, when it went from 4.9 percent to 4.8 percent.
Rhode Island had a total non-farm employment of 462,900 workers during June, according to the United States Department of Labor Bureau of Labor Statistics. This is down from 463,800 workers during May and a 4.1 percent decrease from last year.
Tuesday, June 23rd, 2009
Good news is around the corner for those without a job in Rhode Island.
The maximum amount of money that the State of Rhode Island allows people to collect in unemployment benefits each week is about to increase, according to the Rhode Island Department of Labor and Training.
It was recently announced that the maximum amount for someone without dependents will increase by $18 per week, or 3.4 percent, from $528 to $546. The maximum amount for someone with five or more dependents will increase by $22 per week, or 3.3 percent, from $660 to $682.